What are some tips for selling property privately?


Quick Answer

Tips for selling property privately include making the home look presentable, having a full real estate appraisal done on the home, creating a professional listing and turning to a lawyer to ensure the process is done legally. A seller should also take steps to make his home as visible as possible by listing it on a multiple listing service, commonly called an MLS.

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Full Answer

Buyers are more likely to make an offer on a home that is free of clutter and clean. Sellers should make small repairs and improvements to their properties to make them as desirable as possible. Specific repairs and improvements include fixing squeaks, repainting walls and trimming trees.

A seller should have his home fully appraised by an experienced and licensed appraiser in order to determine a fair price. The appraisal lets the seller know how much local homes are on the market for and provides him with guidelines on how to price his home. Offering an appraisal also makes the seller more trustworthy to potential buyers.

Listings should be as short and to the point as possible. Necessary information includes overall square footage, the number of bedrooms and bathrooms, and which parts of the home have been updated or might be more desirable than other parts of the home. Industry jargon or confusing words and terms should be left out of listings.

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